The problem describes a thermodynamic process for one mole of an ideal monatomic gas following the relation: PV^{3} = \text{constant}. We are required to find the heat capacity of the gas during this process.
To solve this, we must first understand the relationship given and apply thermodynamic principles to it:
For a monatomic ideal gas, C_{V} = \frac{3}{2}R.
Thus, the heat capacity of the gas during this process is R.
Therefore, the correct answer is R.
This result can be justified by understanding that the heat capacity depends on both the specific process the gas undergoes and its specific heat at constant volume. For the given polytropic process, the adjustment for the polytropic index provides us the adjusted heat capacity.